Abbreviated Company Accounts - ABC CHILDCARE (IPSWICH) LTD

ABC CHILDCARE (IPSWICH) LTD Registered Number 05568542

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	3	349,709	359,395
		349,709	359,395
Current assets
Debtors		7,419	8,113
Cash at bank and in hand		117,832	114,922
		125,251	123,035
Creditors: amounts falling due within one year		(2,474)	(2,566)
Net current assets (liabilities)		122,777	120,469
Total assets less current liabilities		472,486	479,864
Accruals and deferred income		(56,181)	(84,271)
Total net assets (liabilities)		416,305	395,593
Reserves
Income and expenditure account		416,305	395,593
Members' funds		416,305	395,593

For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 24 April 2016

And signed on their behalf by:
E Rose, Director
R Quinton, Director

ABC CHILDCARE (IPSWICH) LTD Registered Number 05568542

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value of fees paid by parents and government funding for children in receipt of early years education funding.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Building - Written off over 50 years estimated useful life
Building & leasehold improvements - 25% reducing balance
Fixtures, fittings & equipment - 25% reducing balance

Other accounting policies
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Government grants
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets

	£
Cost
At 1 January 2015	393,530
Additions	333,567
Disposals	(331,838)
Revaluations	-
Transfers	-
At 31 December 2015	395,259
Depreciation
At 1 January 2015	34,135
Charge for the year	23,393
On disposals	(11,978)
At 31 December 2015	45,550
Net book values
At 31 December 2015	349,709
At 31 December 2014	359,395